13 hours ago
Japan Inc. girds for $15bn blow to operating profit as strong yen bites
Toyota Motor will face the largest profit hit from exchange rates this fiscal year, at 745 billion yen. © Kyodo
KOSUKE OKAMOTO
TOKYO -- Major Japanese companies expect a combined 2.2 trillion yen ($15.3 billion) hit to operating profit in the year ending March 2026 if the yen averages around its current rate of 143 to the dollar, ending a five-year streak in which a weakening home currency buoyed exporters' earnings.
The figure is for 39 companies in the Nikkei Stock Average that have disclosed the impact of exchange rates on operating profit.
